35916 Rice Canyon Road, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

35916 Rice Canyon Road, Fallbrook, California 92028 home-pic-0

35916 Rice Canyon Road

Fallbrook, California 92028

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,536Sq Ft
909,968Lot Size

Property Price

LIST PRICE$1,060,000

SUMMARY

Analysis of 35916 Rice Canyon Road, Fallbrook, California 92028 is currently available with a list price of $1,060,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The main house, built in 1979, has been extensively updated, particularly in the kitchen and bathroom, which feature modern cabinets, countertops, stainless steel appliances, and contemporary fixtures. The interior boasts consistent laminate wood flooring and updated lighting throughout, presenting as move-in ready with minimal wear and tear. While the log-style architecture provides a rustic charm, the interior elements reflect recent renovations, aligning with the 'good' category's criteria for properties extensively renovated within the last 5 to 15 years.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 909968, living area = 1536.

  • Expansive & Versatile Acreage

    The property boasts 20.89 acres of picturesque rolling hills, offering vast potential for agricultural expansion (grapevines, avocados) and additional construction like AirBnB tiny homes.

  • Multiple Income Streams

    Currently generates income from a rented main house and an exotic fruit farm, with significant potential for further revenue from agricultural ventures and future AirBnB units.

CONSRISKS & DEFICIENCIES

  • Fixer-Upper Mobile Home

    The property includes a mobile home explicitly described as a 'fixer-upper,' indicating a need for substantial renovation or removal.

  • Regulatory Uncertainty for Development

    Potential for additional construction (e.g., AirBnB tiny homes) is subject to city ordinances and requirements, which may involve unforeseen complexities or delays.

  • High Maintenance Demands

    The extensive 20.89-acre property, especially with agricultural operations and rolling terrain, will require significant ongoing maintenance and management.

About 35916 Rice Canyon Road

Breathe easy as you relax and unwind at your quaint single-story log-style home featuring a stunning panoramic view. With 20.89 acres of picturesque rolling hills, this mini-ranch offers endless possibilities for enjoying the wonders of nature and for generating different sources of income. Currently, a portion of this mini-ranch is being developed as an exotic fruit farm featuring a number of exotic fruits such as guava, Australian custard apple, Israeli custard apple, banana, orange, peach, jujube, java, sapote, mango, longan, tangerine, berry, berry, rolia, lemon, and sakara flower. The rolling hillsides have great potential to nurture grapevines or avocados for personal enjoyment or additional income streams. The main house is a perfect mix of contemporary and rustic architecture, featuring all the country charm paired with the perfect amount of modern luxury. The spacious main house features 3 bedrooms, 2 bathrooms, and a side deck and patio with a picturesque panoramic view. This house is also currently rented providing another source of income stream. The property also features a detached 2-car garage, a fixer-upper mobile home, and boundless space for the potential additional construction of AirBnb tiny homes. Please check with the city for any updated ordinances and/requirements. This huge parcel is also currently home to a number of farm animals, including chickens, peacocks, egg-laying geese, and dogs. Nevertheless, there is plenty of room on these extensive acres for animals like horses, goats, alpacas, and fish.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1979
Lot Size
909,968 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
32%
Square foot1,5362,281.5
15%
Lot Size909,96827,007.1
99%
Price$1.06M$917.5K
62%
Price per sq ft$690$423
97%
Built year19791991
27%
HOA$0$0
50%
Days on market271179
86%

Pricing History

Listed for Sale

Jun 9, 2025

$1,060,000

Initial Listing

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